Vancouver’s EonLabs has delivered investment returns that most could only dream of. Their system conducts thousands of lightning-fast trades per day, churning through $3 billion in monthly trade volume – generating 530 percent growth since September 2020. [Read more…] about EonLabs’ AI-powered Trading System Outperforms Bitcoin With 530% Return
Float Raises $5 Million For Corporate Credit Card Platform
Toronto fintech startup Float has secured $5 million in financing consisting of a $4 million equity round co-led by Susa Ventures and Golden Ventures and $1 million in debt financing from Silicon Valley Bank. [Read more…] about Float Raises $5 Million For Corporate Credit Card Platform
Financeit Reaches New Milestone With $2 Billion In Loans
Toronto’s Financeit, Canada’s leading point-of-sale financing provider in the home improvement sector, has reached another funding milestone as they have officially exceeded $2 billion in loan originations. [Read more…] about Financeit Reaches New Milestone With $2 Billion In Loans
Olympia Trust Cancels Plans To Pursue Bitcoin Custodian Service
Olympia Trust has ended its plans to provide a Bitcoin custody service citing “internal risk appetite due to current market conditions.” [Read more…] about Olympia Trust Cancels Plans To Pursue Bitcoin Custodian Service
Crypto Custodian Brane Capital Announces Public Listing Plans
Ottawa’s Brane Capital has announced plans to become a publicly traded company in fall 2021. [Read more…] about Crypto Custodian Brane Capital Announces Public Listing Plans
Nesto Raises $76 Million To Offer Canadians “Low From the Get Go” Mortgage Rates
Montreal-based fintech startup nesto has raised a $76 million Series B funding round led by Michael Rowell and Michael Paulus, the entrepreneurs behind Assurance IQ, which was sold to Prudential Financial in 2019. [Read more…] about Nesto Raises $76 Million To Offer Canadians “Low From the Get Go” Mortgage Rates
KYC Leader Trulioo Becomes A Unicorn With $1.75 Billion Valuation
Vancouver’s Trulioo has completed a $394 million Series D round at a massive $1.75 billion valuation, joining Canada’s growing stable of unicorns.
Trulioo is a global identity network enabling companies to reliably onboard customers in a digital-first world. For Trulioo’s customers, this speeds international expansion, mitigates fraud risk, and ensures regulatory compliance. [Read more…] about KYC Leader Trulioo Becomes A Unicorn With $1.75 Billion Valuation
Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking
Vancouver’s Bench has raised a $72.5 million in Series C financing led by Contour Venture Partners.
The funding round more than doubles Bench’s total funding to over $120 million, and was supported by existing investors Altos Ventures, iNovia Capital, and BMO T&I, and new investors including Sage and Shopify. [Read more…] about Bench Raises $72.5 Million To Expand Beyond Accounting with Bench Banking
BlocPal To Raise $25 Million During Reverse Takeover
Vancouver fintech startup BlocPal will soon be a publicly traded company.
BlocPal has agreed to complete a business combination by way of a reverse takeover and in the process will raise a $25 million private placement. [Read more…] about BlocPal To Raise $25 Million During Reverse Takeover
Mogo Increases Ownership Stake In Coinsquare
Canada’s Mogo (TSX:MOGO) has been slowly acquiring more and more of Coinsquare, Canada’s leading digital asset trading platform for Bitcoin, Ethereum and other cryptocurrencies.
Three months ago Mogo acquired 20 percent of Coinsquare. Last month Mogo nearly doubled its stake, increasing its ownership in to approximately 37 percent. [Read more…] about Mogo Increases Ownership Stake In Coinsquare